Fox Factory Holding Corp (NASDAQ:FOXF) Director Dudley W. Mendenhall sold 4,645 shares of Fox Factory stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $71.84, for a total value of $333,696.80. Following the completion of the transaction, the director now directly owns 13,397 shares of the company’s stock, valued at $962,440.48. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Fox Factory stock traded down $0.29 during midday trading on Monday, reaching $69.08. The stock had a trading volume of 115,400 shares, compared to its average volume of 242,440. Fox Factory Holding Corp has a 12 month low of $38.10 and a 12 month high of $79.46. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 1.63 and a beta of 1.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.39 and a quick ratio of 1.29.

Fox Factory (NASDAQ:FOXF) last issued its earnings results on Wednesday, May 1st. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. Fox Factory had a return on equity of 30.57% and a net margin of 12.43%. The business had revenue of $161.70 million during the quarter, compared to analyst estimates of $156.30 million. During the same period in the previous year, the company posted $0.36 EPS. The firm’s revenue was up 24.6% compared to the same quarter last year. On average, sell-side analysts expect that Fox Factory Holding Corp will post 2.6 EPS for the current year.

A number of brokerages recently commented on FOXF. Zacks Investment Research lowered Fox Factory from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. BidaskClub raised Fox Factory from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 13th. Finally, SunTrust Banks boosted their target price on Fox Factory to $70.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $66.57.

A number of hedge funds have recently added to or reduced their stakes in FOXF. Nisa Investment Advisors LLC acquired a new position in Fox Factory during the 1st quarter valued at about $31,000. Cresset Asset Management LLC acquired a new position in Fox Factory during the 1st quarter valued at about $32,000. Huntington National Bank acquired a new position in Fox Factory during the 1st quarter valued at about $33,000. Bronfman E.L. Rothschild L.P. boosted its stake in Fox Factory by 751.3% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 647 shares of the company’s stock valued at $38,000 after purchasing an additional 571 shares during the last quarter. Finally, Private Capital Group LLC boosted its stake in Fox Factory by 78.0% during the 1st quarter. Private Capital Group LLC now owns 557 shares of the company’s stock valued at $39,000 after purchasing an additional 244 shares during the last quarter. Institutional investors and hedge funds own 99.60% of the company’s stock.

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About Fox Factory

Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles.

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